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RAKBANK Opens Its Fifth Branch In Abu Dhabi











RAKBANK is pleased to announce the launch of its fifth branch in Abu Dhabi. The Bank’s new presence at the Al Jazirah Football Club Stadium aims to complement RAKBANK’s existing branch network and to increases the Bank’s visibility in the capital.

The new branch offers RAKBANK’s complete range of services for SMEs and individuals, from accounts, deposits and investment options to credit cards and personal, auto and mortgage loans. Its strategic location in Al Muroor neighborhood, home to governmental hubs and residential buildings, will widen the banking options available to the nearby community and provide ample parking spaces in and around the stadium to accommodate visiting customers.

“Expanding the branch network in Abu Dhabi is in line with RAKBANK’s commitment to raise its profile in the capital over the coming years,” said Graham Honeybill, General Manager of RAKBANK. “RAKBANK has established itself as a highly active retails and small business Bank in Dubai and the Northern Emirates across various products and plans to gain a similarly strong presence in Abu Dhabi.”

The new branch in Al Jazirah Football Club is accompanied by a large RAKBANK Wealth Management center next door to cater to the Bank’s growing clientele in Abu Dhabi. The Bank’s Wealth Management center offers customers an exclusive banking experience with certified Relationship Managers to address their banking and investment needs, backed by award-winning customer service.

“Even as RAKBANK explores the new trend for online banking services with the recent launch of RAKBANK Direct, the Bank continues to scout for opportunities to expand its branch and ATM network across the UAE as part of its customer-centric approach,” added Honeybill.

RAKBANK Direct (www.rakbankdirect.ae) is the first platform of its kind in the UAE to give customers the added facility of applying for customized insurance products, plus a suite of vanilla products, online. The recent launch of RAKBANK Direct aims to complement the Bank’s growing branch network and to offer the Bank’s valued customers a widely convenient range of banking channels.

RAKBANK plans to open one more branches in the capital by the end of this year, bringing the total number to 6 branches in Abu Dhabi by the end of 2011. The Bank currently has 30 branches and 100 ATMs spread across the UAE, complemented by 24-hour Phone Banking service. In addition, the Online Banking platform on www.rakbank.ae gives customers access and control over their accounts in a simple and secure environment, 24 hours a day.
 

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